Applied Materials, Inc. (AMAT) VP Sells $6,440,183.75 in Stock

Applied Materials, Inc. (NASDAQ:AMAT) VP Ali Salehpour sold 125,125 shares of Applied Materials stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ali Salehpour also recently made the following trade(s):

  • On Saturday, December 29th, Ali Salehpour sold 125,125 shares of Applied Materials stock. The stock was sold at an average price of $51.47, for a total value of $6,440,183.75.

Applied Materials, Inc. (NASDAQ AMAT) opened at $54.60 on Friday. The company has a current ratio of 3.14, a quick ratio of 2.43 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $58,010.00, a P/E ratio of 17.22, a P/E/G ratio of 1.06 and a beta of 1.81. Applied Materials, Inc. has a 12-month low of $31.86 and a 12-month high of $60.89.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings results on Thursday, November 16th. The manufacturing equipment provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Applied Materials had a return on equity of 41.51% and a net margin of 23.62%. Applied Materials’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $0.66 earnings per share. equities analysts predict that Applied Materials, Inc. will post 4.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 21st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, February 20th. Applied Materials’s dividend payout ratio is currently 12.62%.

A number of research firms recently commented on AMAT. Vetr raised Applied Materials from a “hold” rating to a “buy” rating and set a $60.07 target price for the company in a report on Monday, November 20th. B. Riley reaffirmed a “buy” rating and set a $63.00 target price on shares of Applied Materials in a report on Monday, November 13th. JPMorgan Chase & Co. lifted their target price on Applied Materials to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Zacks Investment Research raised Applied Materials from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, November 28th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $76.00 target price (up previously from $60.00) on shares of Applied Materials in a report on Thursday, September 28th. One investment analyst has rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $60.95.

Institutional investors have recently bought and sold shares of the company. LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Applied Materials in the third quarter valued at approximately $105,000. MPS Loria Financial Planners LLC purchased a new stake in shares of Applied Materials in the second quarter valued at approximately $109,000. First Personal Financial Services increased its position in shares of Applied Materials by 281.5% in the third quarter. First Personal Financial Services now owns 2,575 shares of the manufacturing equipment provider’s stock valued at $134,000 after buying an additional 1,900 shares in the last quarter. Zions Bancorporation increased its position in shares of Applied Materials by 349.1% in the third quarter. Zions Bancorporation now owns 2,636 shares of the manufacturing equipment provider’s stock valued at $137,000 after buying an additional 2,049 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its position in shares of Applied Materials by 56.1% in the third quarter. Mosaic Family Wealth LLC now owns 2,737 shares of the manufacturing equipment provider’s stock valued at $142,000 after buying an additional 984 shares in the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.

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